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<PAGE> PAGE 2
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<PAGE> PAGE 3
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<PAGE> PAGE 4
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<PAGE> PAGE 5
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<PAGE> PAGE 6
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<PAGE> PAGE 7
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<PAGE> PAGE 8
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<PAGE> PAGE 9
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<PAGE> PAGE 11
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<PAGE> PAGE 12
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<PAGE> PAGE 14
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<PAGE> PAGE 15
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<PAGE> PAGE 16
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<PAGE> PAGE 17
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<PAGE> PAGE 18
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<PAGE> PAGE 19
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<PAGE> PAGE 20
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<PAGE> PAGE 21
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<PAGE> PAGE 22
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<PAGE> PAGE 23
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<PAGE> PAGE 24
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<PAGE> PAGE 25
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<PAGE> PAGE 26
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<PAGE> PAGE 27
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<PAGE> PAGE 28
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<PAGE> PAGE 29
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<PAGE> PAGE 30
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<PAGE> PAGE 31
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<PAGE> PAGE 32
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<PAGE> PAGE 33
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<PAGE> PAGE 34
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<PAGE> PAGE 35
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<PAGE> PAGE 36
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<PAGE> PAGE 37
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<PAGE> PAGE 38
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<PAGE> PAGE 39
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<PAGE> PAGE 40
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<PAGE> PAGE 41
070 C010800 Y
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070 H020800 N
070 I010800 N
070 I020800 N
070 J010800 N
070 J020800 N
070 K010800 Y
070 K020800 N
070 L010800 Y
070 L020800 N
070 M010800 N
070 M020800 N
070 N010800 Y
070 N020800 N
070 O010800 Y
070 O020800 N
070 P010800 N
070 P020800 N
070 Q010800 N
070 Q020800 N
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070 R020800 N
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<PAGE> PAGE 42
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<PAGE> PAGE 43
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008 A000901 DIRECTED SERVICES, INC.
008 B000901 A
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008 D010901 WILMINGTON
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<PAGE> PAGE 44
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<PAGE> PAGE 45
069 000900 N
070 A010900 Y
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070 C020900 N
070 D010900 N
070 D020900 N
070 E010900 N
070 E020900 N
070 F010900 N
070 F020900 N
070 G010900 N
070 G020900 N
070 H010900 N
070 H020900 N
070 I010900 N
070 I020900 N
070 J010900 N
070 J020900 N
070 K010900 Y
070 K020900 Y
070 L010900 N
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070 M020900 N
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070 O010900 Y
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070 P020900 N
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<PAGE> PAGE 46
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<PAGE> PAGE 47
074 U020900 0
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008 A001001 DIRECTED SERVICES, INC.
008 B001001 A
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008 D021002 CA
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<PAGE> PAGE 48
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<PAGE> PAGE 49
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070 H011000 N
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070 K011000 Y
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<PAGE> PAGE 50
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<PAGE> PAGE 51
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008 A001101 DIRECTED SERVICES, INC.
008 B001101 A
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<PAGE> PAGE 52
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<PAGE> PAGE 53
058 A001100 N
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<PAGE> PAGE 54
070 L011100 Y
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<PAGE> PAGE 55
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008 A001201 DIRECTED SERVICES, INC.
008 B001201 A
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<PAGE> PAGE 56
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<PAGE> PAGE 57
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<PAGE> PAGE 58
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<PAGE> PAGE 59
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<PAGE> PAGE 60
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008 A001301 DIRECTED SERVICES, INC.
008 B001301 A
008 C001301 801-32675
008 D011301 WILMINGTON
008 D021301 DE
008 D031301 19801
008 A001302 EAGLE ASSET MANAGEMENT, INC.
008 B001302 S
008 C001302 801-21343
008 D011302 ST. PETERSBURG
008 D021302 FL
008 D031302 33716
008 A001304 DELETE
014 A001301 RAYMOND JAMES
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025 A001301 DELETE
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028 A021300 0
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028 A041300 277
028 B011300 1407
028 B021300 0
028 B031300 0
028 B041300 388
028 C011300 810
028 C021300 225
028 C031300 0
028 C041300 542
028 D011300 780
028 D021300 0
028 D031300 0
028 D041300 2442
028 E011300 928
028 E021300 0
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028 F011300 1078
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<PAGE> PAGE 61
028 G011300 6510
028 G021300 2028
028 G031300 0
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028 H001300 0
045 001300 Y
046 001300 N
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048 B011300 1250000
048 B021300 0.950
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048 I011300 0
048 I021300 0.000
048 J011300 0
048 J021300 0.000
048 K011300 3500000
048 K021300 0.850
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060 A001300 Y
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062 D001300 0.0
062 E001300 0.0
062 F001300 0.0
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062 H001300 0.0
062 I001300 0.0
062 J001300 0.0
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<PAGE> PAGE 62
062 P001300 0.0
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068 A001300 N
068 B001300 N
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070 A011300 Y
070 A021300 N
070 B011300 Y
070 B021300 Y
070 C011300 Y
070 C021300 N
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070 D021300 N
070 E011300 Y
070 E021300 N
070 F011300 Y
070 F021300 N
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070 G021300 N
070 H011300 Y
070 H021300 N
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070 I021300 N
070 J011300 Y
070 J021300 N
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070 K021300 N
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070 M021300 N
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070 O011300 Y
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<PAGE> PAGE 63
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<PAGE> PAGE 64
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008 A001401 DIRECTED SERVICES, INC.
008 B001401 A
008 C001401 801-32675
008 D011401 WILMINGTON
008 D021401 DE
008 D031401 19801
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008 D011402 NEW YORK
008 D021402 NY
008 D031402 10022
014 A001401 ZWEIG ADVISORS INC.
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<PAGE> PAGE 65
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<PAGE> PAGE 66
062 C001400 0.0
062 D001400 0.0
062 E001400 0.0
062 F001400 0.0
062 G001400 0.0
062 H001400 0.0
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062 J001400 0.0
062 K001400 0.0
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062 M001400 0.0
062 N001400 0.0
062 O001400 0.0
062 P001400 0.0
062 Q001400 0.0
062 R001400 0.0
066 A001400 Y
066 C001400 Y
067 001400 N
068 A001400 N
068 B001400 N
069 001400 N
070 A011400 Y
070 A021400 N
070 B011400 Y
070 B021400 N
070 C011400 Y
070 C021400 N
070 D011400 Y
070 D021400 N
070 E011400 Y
070 E021400 N
070 F011400 Y
070 F021400 Y
070 G011400 Y
070 G021400 N
070 H011400 Y
070 H021400 N
070 I011400 Y
070 I021400 N
070 J011400 Y
070 J021400 N
070 K011400 Y
070 K021400 N
070 L011400 Y
070 L021400 Y
070 M011400 Y
070 M021400 N
070 N011400 Y
070 N021400 N
070 O011400 Y
<PAGE> PAGE 67
070 O021400 N
070 P011400 N
070 P021400 N
070 Q011400 N
070 Q021400 N
070 R011400 Y
070 R021400 N
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<PAGE> PAGE 68
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008 A001501 DIRECTED SERVICES, INC.
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<PAGE> PAGE 69
025 D001507 0
025 D001508 0
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<PAGE> PAGE 70
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<PAGE> PAGE 71
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<PAGE> PAGE 72
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008 A001601 DIRECTED SERVICES, INC.
008 B001601 A
008 C001601 801-32675
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008 D021601 DE
008 D031601 19801
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<PAGE> PAGE 73
008 C001602 801-07321
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<PAGE> PAGE 74
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<PAGE> PAGE 75
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<PAGE> PAGE 76
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<PAGE> PAGE 77
074 X001600 2
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SIGNATURE CHRISTOPHER SMYTHE
TITLE ASSISTANT TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 01
<NAME> GCG Trust Multiple Allocation Series
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<PERIOD-END> DEC-31-1996
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<REALIZED-GAINS-CURRENT> 12,734,768
<APPREC-INCREASE-CURRENT> (239,570)
<NET-CHANGE-FROM-OPS> 23,740,747
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (12,158,230)
<DISTRIBUTIONS-OF-GAINS> (12,765,407)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 369,719
<NUMBER-OF-SHARES-REDEEMED> (4,951,880)
<SHARES-REINVESTED> 1,995,933
<NET-CHANGE-IN-ASSETS> (34,899,705)
<ACCUMULATED-NII-PRIOR> 3,272,200
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</TABLE>
<TABLE> <S> <C>
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<SERIES>
<NUMBER>02
<NAME> GCG Trust Fully Managed Series
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> DEC-31-1996
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<TOTAL-LIABILITIES> 211,705
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<SHARES-COMMON-STOCK> 9,223,011
<SHARES-COMMON-PRIOR> 8,601,294
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<ACCUMULATED-NET-GAINS> 1,754,589
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 17,560,181
<NET-ASSETS> 136,659,531
<DIVIDEND-INCOME> 2,981,524
<INTEREST-INCOME> 3,182,886
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<EXPENSES-NET> 1,274,389
<NET-INVESTMENT-INCOME> 4,890,021
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<NET-CHANGE-FROM-OPS> 19,442,407
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<DISTRIBUTIONS-OF-GAINS> (5,697,159)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 899,422
<NUMBER-OF-SHARES-REDEEMED> (984,350)
<SHARES-REINVESTED> 706,645
<NET-CHANGE-IN-ASSETS> 18,070,582
<ACCUMULATED-NII-PRIOR> 901,688
<ACCUMULATED-GAINS-PRIOR> (1,896,482)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,266,104
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,274,389
<AVERAGE-NET-ASSETS> 127,697,864
<PER-SHARE-NAV-BEGIN> 13.79
<PER-SHARE-NII> 0.56
<PER-SHARE-GAIN-APPREC> 1.69
<PER-SHARE-DIVIDEND> (0.56)
<PER-SHARE-DISTRIBUTIONS> (0.66)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 14.82
<EXPENSE-RATIO> 1.00
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 03
<NAME> GCG Trust Ltd Maturity Bond Series
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> DEC-31-1996
<INVESTMENTS-AT-COST> 80,592,098
<INVESTMENTS-AT-VALUE> 80,695,353
<RECEIVABLES> 652,776
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 475
<TOTAL-ASSETS> 81,348,604
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 31,428
<TOTAL-LIABILITIES> 31,428
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 80,764,028
<SHARES-COMMON-STOCK> 7,798,760
<SHARES-COMMON-PRIOR> 8,079,425
<ACCUMULATED-NII-CURRENT> 882,464
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (432,571)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 103,255
<NET-ASSETS> 81,317,176
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 4,912,571
<OTHER-INCOME> 0
<EXPENSES-NET> 502,590
<NET-INVESTMENT-INCOME> 4,409,981
<REALIZED-GAINS-CURRENT> (419,245)
<APPREC-INCREASE-CURRENT> (625,852)
<NET-CHANGE-FROM-OPS> 3,364,884
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (8,339,700)
<DISTRIBUTIONS-OF-GAINS> (197,828)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,109,922
<NUMBER-OF-SHARES-REDEEMED> (2,201,243)
<SHARES-REINVESTED> 810,656
<NET-CHANGE-IN-ASSETS> (8,764,192)
<ACCUMULATED-NII-PRIOR> 4,807,767
<ACCUMULATED-GAINS-PRIOR> 188,918
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 497,345
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 502,590
<AVERAGE-NET-ASSETS> 82,808,184
<PER-SHARE-NAV-BEGIN> 11.15
<PER-SHARE-NII> 0.59
<PER-SHARE-GAIN-APPREC> (0.13)
<PER-SHARE-DIVIDEND> (1.15)
<PER-SHARE-DISTRIBUTIONS> (0.03)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 10.43
<EXPENSE-RATIO> 0.61
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 04
<NAME> GCG Trust Natural Resources Series
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> DEC-31-1996
<INVESTMENTS-AT-COST> 35,686,732
<INVESTMENTS-AT-VALUE> 44,115,277
<RECEIVABLES> 80,173
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 96,463
<TOTAL-ASSETS> 44,291,913
<PAYABLE-FOR-SECURITIES> 388,182
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 331
<TOTAL-LIABILITIES> 388,513
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 34,397,722
<SHARES-COMMON-STOCK> 2,458,892
<SHARES-COMMON-PRIOR> 1,804,987
<ACCUMULATED-NII-CURRENT> 12,713
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1,064,792
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 8,428,173
<NET-ASSETS> 43,903,400
<DIVIDEND-INCOME> 377,064
<INTEREST-INCOME> 113,494
<OTHER-INCOME> 0
<EXPENSES-NET> 365,377
<NET-INVESTMENT-INCOME> 125,181
<REALIZED-GAINS-CURRENT> 5,202,516
<APPREC-INCREASE-CURRENT> 4,502,376
<NET-CHANGE-FROM-OPS> 9,830,073
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (148,094)
<DISTRIBUTIONS-OF-GAINS> (4,617,071)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,055,921
<NUMBER-OF-SHARES-REDEEMED> (668,408)
<SHARES-REINVESTED> 266,392
<NET-CHANGE-IN-ASSETS> 16,756,382
<ACCUMULATED-NII-PRIOR> 44,414
<ACCUMULATED-GAINS-PRIOR> 470,559
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 362,600
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 365,377
<AVERAGE-NET-ASSETS> 36,614,572
<PER-SHARE-NAV-BEGIN> 15.04
<PER-SHARE-NII> 0.05
<PER-SHARE-GAIN-APPREC> 4.92
<PER-SHARE-DIVIDEND> (0.07)
<PER-SHARE-DISTRIBUTIONS> (2.09)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 17.85
<EXPENSE-RATIO> 1.00
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 05
<NAME> GCG Trust Real Estate Series
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> DEC-31-1996
<INVESTMENTS-AT-COST> 37,871,977
<INVESTMENTS-AT-VALUE> 49,962,396
<RECEIVABLES> 1,256,787
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 34,510
<TOTAL-ASSETS> 51,253,693
<PAYABLE-FOR-SECURITIES> 119,074
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 11
<TOTAL-LIABILITIES> 119,085
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 38,060,749
<SHARES-COMMON-STOCK> 3,200,267
<SHARES-COMMON-PRIOR> 2,770,209
<ACCUMULATED-NII-CURRENT> 461,696
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 521,744
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 12,090,419
<NET-ASSETS> 51,134,608
<DIVIDEND-INCOME> 2,329,551
<INTEREST-INCOME> 121,591
<OTHER-INCOME> 0
<EXPENSES-NET> 374,667
<NET-INVESTMENT-INCOME> 2,076,475
<REALIZED-GAINS-CURRENT> 1,565,070
<APPREC-INCREASE-CURRENT> 8,753,155
<NET-CHANGE-FROM-OPS> 12,394,700
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (2,222,780)
<DISTRIBUTIONS-OF-GAINS> (853,544)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 668,832
<NUMBER-OF-SHARES-REDEEMED> (437,975)
<SHARES-REINVESTED> 199,201
<NET-CHANGE-IN-ASSETS> 16,159,689
<ACCUMULATED-NII-PRIOR> 609,884
<ACCUMULATED-GAINS-PRIOR> (191,846)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 371,844
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 374,667
<AVERAGE-NET-ASSETS> 37,533,590
<PER-SHARE-NAV-BEGIN> 12.63
<PER-SHARE-NII> 0.70
<PER-SHARE-GAIN-APPREC> 3.70
<PER-SHARE-DIVIDEND> (0.77)
<PER-SHARE-DISTRIBUTIONS> (0.28)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 15.98
<EXPENSE-RATIO> 1.00
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER>06
<NAME> GCG Trust All-Growth Series
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> DEC-31-1996
<INVESTMENTS-AT-COST> 65,719,141
<INVESTMENTS-AT-VALUE> 77,033,347
<RECEIVABLES> 1,640,396
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 621,405
<TOTAL-ASSETS> 79,295,148
<PAYABLE-FOR-SECURITIES> 76,734
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 468,469
<TOTAL-LIABILITIES> 545,203
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 72,879,936
<SHARES-COMMON-STOCK> 5,880,233
<SHARES-COMMON-PRIOR> 6,764,223
<ACCUMULATED-NII-CURRENT> 167,481
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (5,623,738)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 11,326,266
<NET-ASSETS> 78,749,945
<DIVIDEND-INCOME> 1,032,794
<INTEREST-INCOME> 672,219
<OTHER-INCOME> 0
<EXPENSES-NET> 916,329
<NET-INVESTMENT-INCOME> 788,684
<REALIZED-GAINS-CURRENT> (5,626,514)
<APPREC-INCREASE-CURRENT> 3,952,364
<NET-CHANGE-FROM-OPS> (885,466)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (874,994)
<DISTRIBUTIONS-OF-GAINS> (1,084,328)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 740,422
<NUMBER-OF-SHARES-REDEEMED> (1,771,856)
<SHARES-REINVESTED> 147,444
<NET-CHANGE-IN-ASSETS> (14,448,457)
<ACCUMULATED-NII-PRIOR> 267,485
<ACCUMULATED-GAINS-PRIOR> 1,073,410
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 910,039
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 916,329
<AVERAGE-NET-ASSETS> 91,709,319
<PER-SHARE-NAV-BEGIN> 13.78
<PER-SHARE-NII> 0.14
<PER-SHARE-GAIN-APPREC> (0.23)
<PER-SHARE-DIVIDEND> (0.14)
<PER-SHARE-DISTRIBUTIONS> (0.16)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 13.39
<EXPENSE-RATIO> 1.00
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 07
<NAME> GCG Trust Liquid Asset Series
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> DEC-31-1996
<INVESTMENTS-AT-COST> 38,930,693
<INVESTMENTS-AT-VALUE> 38,930,693
<RECEIVABLES> 165,128
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 767
<TOTAL-ASSETS> 39,096,588
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 875
<TOTAL-LIABILITIES> 875
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 39,097,332
<SHARES-COMMON-STOCK> 39,097,362
<SHARES-COMMON-PRIOR> 38,588,906
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1,619)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 39,095,713
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 2,203,466
<OTHER-INCOME> 0
<EXPENSES-NET> 244,313
<NET-INVESTMENT-INCOME> 1,959,153
<REALIZED-GAINS-CURRENT> (1,432)
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 1,957,721
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1,959,153)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 71,740,567
<NUMBER-OF-SHARES-REDEEMED> (73,186,056)
<SHARES-REINVESTED> 1,953,945
<NET-CHANGE-IN-ASSETS> 507,024
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (187)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 240,479
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 244,313
<AVERAGE-NET-ASSETS> 40,079,523
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> 0.05
<PER-SHARE-GAIN-APPREC> 0.00
<PER-SHARE-DIVIDEND> (0.05)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> 0.61
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 08
<NAME> GCG Trust Capital Apprec Series
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> DEC-31-1996
<INVESTMENTS-AT-COST> 119,255,496
<INVESTMENTS-AT-VALUE> 148,557,353
<RECEIVABLES> 259,400
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 305
<TOTAL-ASSETS> 148,817,058
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 64,560
<TOTAL-LIABILITIES> 64,560
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 117,052,147
<SHARES-COMMON-STOCK> 9,879,660
<SHARES-COMMON-PRIOR> 9,045,920
<ACCUMULATED-NII-CURRENT> 334,278
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 2,064,216
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 29,301,857
<NET-ASSETS> 148,752,498
<DIVIDEND-INCOME> 2,486,195
<INTEREST-INCOME> 372,026
<OTHER-INCOME> 0
<EXPENSES-NET> 1,343,960
<NET-INVESTMENT-INCOME> 1,514,261
<REALIZED-GAINS-CURRENT> 10,331,984
<APPREC-INCREASE-CURRENT> 12,871,108
<NET-CHANGE-FROM-OPS> 24,717,353
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1,559,277)
<DISTRIBUTIONS-OF-GAINS> (9,340,494)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,649,994
<NUMBER-OF-SHARES-REDEEMED> (1,536,664)
<SHARES-REINVESTED> 720,410
<NET-CHANGE-IN-ASSETS> 26,525,258
<ACCUMULATED-NII-PRIOR> 379,294
<ACCUMULATED-GAINS-PRIOR> 1,072,726
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,335,410
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,343,960
<AVERAGE-NET-ASSETS> 134,708,278
<PER-SHARE-NAV-BEGIN> 13.51
<PER-SHARE-NII> 0.16
<PER-SHARE-GAIN-APPREC> 2.57
<PER-SHARE-DIVIDEND> (0.17)
<PER-SHARE-DISTRIBUTIONS> (1.01)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 15.06
<EXPENSE-RATIO> 1.00
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER>09
<NAME> GCG Trust Fund for Life Series
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> DEC-31-1996
<INVESTMENTS-AT-COST> 170,297
<INVESTMENTS-AT-VALUE> 197,431
<RECEIVABLES> 240
<ASSETS-OTHER> 7,328
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 204,999
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 3,868
<TOTAL-LIABILITIES> 3,868
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 141,153
<SHARES-COMMON-STOCK> 26,426
<SHARES-COMMON-PRIOR> 30,416
<ACCUMULATED-NII-CURRENT> 262
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 32,582
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 27,134
<NET-ASSETS> 201,131
<DIVIDEND-INCOME> 6,875
<INTEREST-INCOME> 0
<OTHER-INCOME> 0
<EXPENSES-NET> 6,613
<NET-INVESTMENT-INCOME> 262
<REALIZED-GAINS-CURRENT> 32,582
<APPREC-INCREASE-CURRENT> (9,929)
<NET-CHANGE-FROM-OPS> 22,915
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 77,446
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> (14,807)
<SHARES-REINVESTED> 10,817
<NET-CHANGE-IN-ASSETS> (131,918)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 77,446
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 776
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 31,055
<AVERAGE-NET-ASSETS> 258,709
<PER-SHARE-NAV-BEGIN> 10.95
<PER-SHARE-NII> 0.01
<PER-SHARE-GAIN-APPREC> 0.88
<PER-SHARE-DIVIDEND> (4.23)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 7.61
<EXPENSE-RATIO> 2.56
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 10
<NAME> GCG Trust Rising Dividends Series
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> DEC-31-1996
<INVESTMENTS-AT-COST> 93,612,668
<INVESTMENTS-AT-VALUE> 126,332,449
<RECEIVABLES> 164,886
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 302
<TOTAL-ASSETS> 126,497,637
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 258,996
<TOTAL-LIABILITIES> 258,996
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 93,082,906
<SHARES-COMMON-STOCK> 7,983,033
<SHARES-COMMON-PRIOR> 6,105,857
<ACCUMULATED-NII-CURRENT> 226,722
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 209,232
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 32,719,781
<NET-ASSETS> 126,238,641
<DIVIDEND-INCOME> 1,783,522
<INTEREST-INCOME> 203,550
<OTHER-INCOME> 0
<EXPENSES-NET> 995,735
<NET-INVESTMENT-INCOME> 991,337
<REALIZED-GAINS-CURRENT> 1,608,438
<APPREC-INCREASE-CURRENT> 15,975,452
<NET-CHANGE-FROM-OPS> 18,575,227
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (990,183)
<DISTRIBUTIONS-OF-GAINS> (838,560)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,786,219
<NUMBER-OF-SHARES-REDEEMED> (1,024,265)
<SHARES-REINVESTED> 115,222
<NET-CHANGE-IN-ASSETS> 45,028,932
<ACCUMULATED-NII-PRIOR> 225,568
<ACCUMULATED-GAINS-PRIOR> (560,646)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 989,772
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 995,735
<AVERAGE-NET-ASSETS> 99,885,403
<PER-SHARE-NAV-BEGIN> 13.30
<PER-SHARE-NII> 0.14
<PER-SHARE-GAIN-APPREC> 2.61
<PER-SHARE-DIVIDEND> (0.13)
<PER-SHARE-DISTRIBUTIONS> (0.11)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 15.81
<EXPENSE-RATIO> 1.00
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 11
<NAME> GCG Trust Emerging Markets Series
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> DEC-31-1996
<INVESTMENTS-AT-COST> 49,340,088
<INVESTMENTS-AT-VALUE> 49,974,750
<RECEIVABLES> 1,731,728
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 43,295
<TOTAL-ASSETS> 51,749,773
<PAYABLE-FOR-SECURITIES> 144,730
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 94,610
<TOTAL-LIABILITIES> 239,340
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 63,335,210
<SHARES-COMMON-STOCK> 5,301,626
<SHARES-COMMON-PRIOR> 5,297,187
<ACCUMULATED-NII-CURRENT> 48,445
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (12,475,215)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 601,993
<NET-ASSETS> 51,510,433
<DIVIDEND-INCOME> 766,004
<INTEREST-INCOME> 248,551
<OTHER-INCOME> 0
<EXPENSES-NET> 816,026
<NET-INVESTMENT-INCOME> 198,529
<REALIZED-GAINS-CURRENT> (96,039)
<APPREC-INCREASE-CURRENT> 3,437,230
<NET-CHANGE-FROM-OPS> 3,539,720
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,483,387
<NUMBER-OF-SHARES-REDEEMED> (1,478,948)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 3,536,050
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (12,529,260)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 791,005
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 816,026
<AVERAGE-NET-ASSETS> 52,731,162
<PER-SHARE-NAV-BEGIN> 9.06
<PER-SHARE-NII> 0.04
<PER-SHARE-GAIN-APPREC> 0.62
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 9.72
<EXPENSE-RATIO> 1.55
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 12
<NAME> GCG Trust Market Manager Series
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> DEC-31-1996
<INVESTMENTS-AT-COST> 4,026,551
<INVESTMENTS-AT-VALUE> 5,571,309
<RECEIVABLES> 4,964
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 8,587
<TOTAL-ASSETS> 5,584,860
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 0
<TOTAL-LIABILITIES> 0
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 4,039,890
<SHARES-COMMON-STOCK> 422,420
<SHARES-COMMON-PRIOR> 494,701
<ACCUMULATED-NII-CURRENT> 212
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,544,758
<NET-ASSETS> 5,584,860
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 236,330
<OTHER-INCOME> 0
<EXPENSES-NET> 58,881
<NET-INVESTMENT-INCOME> 177,449
<REALIZED-GAINS-CURRENT> 271,057
<APPREC-INCREASE-CURRENT> 572,521
<NET-CHANGE-FROM-OPS> 1,021,027
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (177,237)
<DISTRIBUTIONS-OF-GAINS> (271,993)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> (105,933)
<SHARES-REINVESTED> 33,652
<NET-CHANGE-IN-ASSETS> (367,561)
<ACCUMULATED-NII-PRIOR> 145
<ACCUMULATED-GAINS-PRIOR> 791
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 57,847
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 58,881
<AVERAGE-NET-ASSETS> 5,797,725
<PER-SHARE-NAV-BEGIN> 12.03
<PER-SHARE-NII> 0.46
<PER-SHARE-GAIN-APPREC> 1.89
<PER-SHARE-DIVIDEND> (0.46)
<PER-SHARE-DISTRIBUTIONS> (0.70)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 13.22
<EXPENSE-RATIO> 1.02
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 13
<NAME> GCG Trust Value Equity Series
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> DEC-31-1996
<INVESTMENTS-AT-COST> 40,257,385
<INVESTMENTS-AT-VALUE> 44,221,127
<RECEIVABLES> 1,359,933
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 2,055
<TOTAL-ASSETS> 45,583,115
<PAYABLE-FOR-SECURITIES> 893,272
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 69,499
<TOTAL-LIABILITIES> 962,771
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 40,079,388
<SHARES-COMMON-STOCK> 3,204,698
<SHARES-COMMON-PRIOR> 2,187,943
<ACCUMULATED-NII-CURRENT> 153,310
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 400,394
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 3,987,252
<NET-ASSETS> 44,620,344
<DIVIDEND-INCOME> 816,442
<INTEREST-INCOME> 253,451
<OTHER-INCOME> 0
<EXPENSES-NET> 381,909
<NET-INVESTMENT-INCOME> 687,984
<REALIZED-GAINS-CURRENT> 1,671,519
<APPREC-INCREASE-CURRENT> 1,631,687
<NET-CHANGE-FROM-OPS> 3,991,190
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (578,788)
<DISTRIBUTIONS-OF-GAINS> (1,449,349)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,468,459
<NUMBER-OF-SHARES-REDEEMED> (596,801)
<SHARES-REINVESTED> 145,097
<NET-CHANGE-IN-ASSETS> 15,789,856
<ACCUMULATED-NII-PRIOR> 44,111
<ACCUMULATED-GAINS-PRIOR> 178,227
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 379,126
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 381,909
<AVERAGE-NET-ASSETS> 38,266,892
<PER-SHARE-NAV-BEGIN> 13.18
<PER-SHARE-NII> 0.22
<PER-SHARE-GAIN-APPREC> 1.18
<PER-SHARE-DIVIDEND> (0.19)
<PER-SHARE-DISTRIBUTIONS> (0.47)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 13.92
<EXPENSE-RATIO> 1.00
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 14
<NAME> GCG Strategic Equity Series
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> DEC-31-1996
<INVESTMENTS-AT-COST> 27,985,084
<INVESTMENTS-AT-VALUE> 30,230,841
<RECEIVABLES> 139,272
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 53,323
<TOTAL-ASSETS> 30,423,436
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 15
<TOTAL-LIABILITIES> 15
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 27,552,014
<SHARES-COMMON-STOCK> 2,604,255
<SHARES-COMMON-PRIOR> 805,853
<ACCUMULATED-NII-CURRENT> 85,696
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 475,104
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 2,310,607
<NET-ASSETS> 30,423,421
<DIVIDEND-INCOME> 335,098
<INTEREST-INCOME> 269,134
<OTHER-INCOME> 0
<EXPENSES-NET> 197,822
<NET-INVESTMENT-INCOME> 406,410
<REALIZED-GAINS-CURRENT> 820,083
<APPREC-INCREASE-CURRENT> 2,298,765
<NET-CHANGE-FROM-OPS> 3,525,258
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (347,741)
<DISTRIBUTIONS-OF-GAINS> (334,167)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,903,728
<NUMBER-OF-SHARES-REDEEMED> (163,819)
<SHARES-REINVESTED> 58,493
<NET-CHANGE-IN-ASSETS> 22,355,961
<ACCUMULATED-NII-PRIOR> 27,042
<ACCUMULATED-GAINS-PRIOR> (10,827)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 195,979
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 197,822
<AVERAGE-NET-ASSETS> 19,819,534
<PER-SHARE-NAV-BEGIN> 10.01
<PER-SHARE-NII> 0.23
<PER-SHARE-GAIN-APPREC> 1.71
<PER-SHARE-DIVIDEND> (0.14)
<PER-SHARE-DISTRIBUTIONS> (0.13)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 11.68
<EXPENSE-RATIO> 1.00
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 15
<NAME> GCG Small Cap Series
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> DEC-31-1996
<INVESTMENTS-AT-COST> 31,563,163
<INVESTMENTS-AT-VALUE> 34,175,393
<RECEIVABLES> 211,078
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 34,386,471
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 21,753
<TOTAL-LIABILITIES> 21,753
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 33,616,430
<SHARES-COMMON-STOCK> 2,862,021
<SHARES-COMMON-PRIOR> 500
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1,863,942)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 2,612,230
<NET-ASSETS> 34,364,718
<DIVIDEND-INCOME> 9,064
<INTEREST-INCOME> 157,714
<OTHER-INCOME> 0
<EXPENSES-NET> 181,677
<NET-INVESTMENT-INCOME> (14,899)
<REALIZED-GAINS-CURRENT> (1,863,942)
<APPREC-INCREASE-CURRENT> 2,612,230
<NET-CHANGE-FROM-OPS> 733,389
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 4,204,712
<NUMBER-OF-SHARES-REDEEMED> (1,343,191)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 34,359,718
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 180,699
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 181,677
<AVERAGE-NET-ASSETS> 18,415,241
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> (0.01)
<PER-SHARE-GAIN-APPREC> 2.02
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 12.01
<EXPENSE-RATIO> 0.99
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 16
<NAME> GCG Trust Managed Global Series
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> DEC-31-1996
<INVESTMENTS-AT-COST> 79,936,509
<INVESTMENTS-AT-VALUE> 84,026,562
<RECEIVABLES> 316,041
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 2,196,153
<TOTAL-ASSETS> 86,538,756
<PAYABLE-FOR-SECURITIES> 108,854
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 53,501
<TOTAL-LIABILITIES> 162,355
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 80,803,088
<SHARES-COMMON-STOCK> 7,763,118
<SHARES-COMMON-PRIOR> 7,274,374
<ACCUMULATED-NII-CURRENT> 171,198
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 138,502
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 5,263,613
<NET-ASSETS> 86,376,401
<DIVIDEND-INCOME> 1,330,191
<INTEREST-INCOME> 14,397
<OTHER-INCOME> 0
<EXPENSES-NET> 1,025,124
<NET-INVESTMENT-INCOME> 319,464
<REALIZED-GAINS-CURRENT> 7,448,103
<APPREC-INCREASE-CURRENT> 1,405,715
<NET-CHANGE-FROM-OPS> 9,173,282
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (396,393)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 9,382,308
<NUMBER-OF-SHARES-REDEEMED> (8,929,340)
<SHARES-REINVESTED> 35,776
<NET-CHANGE-IN-ASSETS> 13,957,736
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 878,077
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,025,124
<AVERAGE-NET-ASSETS> 81,239,228
<PER-SHARE-NAV-BEGIN> 9.96
<PER-SHARE-NII> 0.04
<PER-SHARE-GAIN-APPREC> 1.18
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> (0.05)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 11.13
<EXPENSE-RATIO> 1.26
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
